Dimensional Fund Advisors LP Increases Stock Position in Arlo Technologies, Inc. (NYSE:ARLO)

Dimensional Fund Advisors LP boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,765 shares of the company's stock after acquiring an additional 25,627 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Arlo Technologies worth $926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Arlo Technologies by 234.5% during the third quarter. Barclays PLC now owns 185,281 shares of the company's stock worth $2,244,000 after acquiring an additional 129,889 shares during the last quarter. Sanctuary Advisors LLC raised its position in Arlo Technologies by 5.0% during the fourth quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company's stock worth $555,000 after acquiring an additional 2,284 shares during the last quarter. Amundi raised its position in Arlo Technologies by 163.1% during the fourth quarter. Amundi now owns 102,633 shares of the company's stock worth $1,218,000 after acquiring an additional 63,622 shares during the last quarter. Ieq Capital LLC acquired a new position in Arlo Technologies during the fourth quarter worth about $121,000. Finally, Swedbank AB raised its position in shares of Arlo Technologies by 9.1% in the fourth quarter. Swedbank AB now owns 1,200,000 shares of the company's stock valued at $13,428,000 after buying an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company's stock.

Arlo Technologies Stock Down 0.5%

Shares of NYSE:ARLO traded down $0.08 during trading on Friday, reaching $13.72. The stock had a trading volume of 682,358 shares, compared to its average volume of 882,738. The business has a fifty day moving average price of $10.24 and a 200-day moving average price of $11.23. The stock has a market cap of $1.42 billion, a P/E ratio of -54.86 and a beta of 1.81. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $17.64.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Arlo Technologies had a negative net margin of 4.76% and a negative return on equity of 24.14%. The firm had revenue of $119.07 million during the quarter, compared to analyst estimates of $118.35 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. Arlo Technologies's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Insider Buying and Selling

In other Arlo Technologies news, General Counsel Brian Busse sold 6,593 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.50, for a total transaction of $75,819.50. Following the completion of the sale, the general counsel now directly owns 612,743 shares in the company, valued at $7,046,544.50. The trade was a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Blake Mcrae sold 25,405 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.90, for a total transaction of $251,509.50. Following the sale, the chief executive officer now owns 2,580,370 shares of the company's stock, valued at approximately $25,545,663. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,147,062 shares of company stock valued at $12,620,137. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a research report on Thursday, April 24th. Finally, Roth Capital set a $22.00 price objective on shares of Arlo Technologies in a research report on Friday, February 28th.

Arlo Technologies Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.